Russian real estate giant Cian has filed to redomicile itself in its home country.
The portal, despite being a massive presence in Russia, is technically based in Cyprus under the ownership of Cian plc.
A new company, Cian Technology, was registered in the Seychelles this year, and took a 70% stake in Cian as part of a technical restructuring via a securities exchange.
Cian Technology now wants to redomicile itself in the city of Kaliningrad and become an international public joint-stock company (IPJSC).
The firm hopes to conclude the process by October 2024.
News of the re-registration bumped up Cian shares on the Moscow exchange by 8.5%. The firm was previously listed on the New York Stock Exchange but was delisted as a consequence of sanctions against Russia when it invaded Ukraine in 2022.
Cian grew revenues by 22% in its Q2 filing released last week.
As the year draws to its inevitable close and holiday spirit takes over, a slow news cycle means we are...
Read More
In the United Kingdom, Rightmove and Zoopla have both announced advertising campaigns while OnTheMarket has released its annual review for...
Read More
In the final part of Online Marketplaces' exclusive interview with Zoopla CEO Charlie Bryant and COO Rich Hayes, we zoom...
Read More
PropertyGuru Group has been acquired by EQT Private Capital Asia for $1.1 billion. The deal, completed on Friday, will see...
Read More
